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tv   Documentary  RT  September 17, 2017 1:29pm-2:01pm EDT

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low blow hard selling you on the idea that dropping bombs brings peace to the chicken hawks forcing you to fight the battles they don't. produce talks credits tell you that somebody gossip the. most important news they. tell you on the coolant and that's. all the hawks that we along with our loved ones. here's how it started with u.s. households sinking ever deeper into debt encouraged by the government and the banks to take out mortgages even those who did not have the means to do so. until the day
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the bubble burst this has been a historic sunday asked at this hour the lehman brothers investment bank appears headed toward bankruptcy in two thousand and eight the poorest homeowners unable to meet their mortgage repayments began to massively sell off their properties the real estate market collapsed and along with it the banks who become embroiled in these subprime loans. on september fifteenth two thousand and eight the death of lehman brothers the fourth largest u.s. investment bank not the beginning of a huge financial and economic crisis that would spread worldwide. the likes of it had not been seen since the great depression of the thirty's a wave of corporate bankruptcy is followed with considerable loss of jobs. to people blame the bankers like here in iceland for eighty percent of the banking system collapsed and even more so in greece where the state teetered on the brink
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of bankruptcy. with the crisis of public debt skyrocketed as did household overindebtedness a veritable scourge that would affect one person in twenty in europe especially in the u.k. . five years the guy me and my husband split up. i actually kicks my husband out and miss out a big impact on my children so i think at the time that and i had a lot of making up to to them i got the time i thought that the way i needed to make up that was financially. so i would just throw money at them and christmases i would go ridiculous spend ridiculous amounts of money like thousands of pounds on stuff they didn't need and work like they'd probably play with once they go in the water. so i strike twice i was so ten i did it i took out a loan but then one loan was not enough so i had to pay that loan back then i took another loan to pay the loan back and the whole to start game bigger and the debt
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start a game bigger and it was spiraling out of control. like many other british people sharon fell into the trap of easy credit with online catalogs where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go online and go yeah it was my name my address my details you have thank you very much money's in your account so i made them made it too easy for me to get into debt. as for philip he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. whether i do i did three very well because of the worry over to marie curie of.
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all was actually going to bed or no wouldn't i call growing older i've got throw. the dictabelt reply more scared me throw more. i didn't know what to do. i've lost complete rational competence or worth. going to want to do or got one hundred looking for money. or down to a phony. one of the club who don't flow from. that that my. inner. the bankers were helped by the government the banks got into trouble and all the big bankers got big and i think on the government the banks but i started think early for them re the ordinary men and women that. lost money so the banks and so because the bank the banks have been out but i'll
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type of the government. the infrastructure for the proof of the contrary to all but disappeared and you know there were a lot of coach. i'm just trying to make my own you were to me because it's changed yeah i'll go on if it is in front of me all right and thank. you but yes you want to speak to us that's fine let me let me just get everything up here for you sharon regained hope thanks to the advisors a step change the u.k.'s largest debt charity which specializes in debt problems in two thousand and fifteen they advised on average over one thousand five hundred people a day because in the u.k. the price of economic recovery has been very liberal austerity measures the driving down of wages and drastic cuts in social welfare. the definition of problem
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is not straightforward our government defines it as anybody who has been at least three months behind their debts in the last six months that's eight point eight million people in the u.k. that face would have. become ill you lose your job your relationship breaks down here become a casualty most important in most circumstances is you could help to get back on your feet because the cost to wider society of people being in debt are here huge over half the people who come to us have had to go and see their doctor about mental health or other issues just to give the same general impulse price ok with the enforcement. they do need to me peaceful and healthy into sound because what they'll do them to do is to control did. so i know you know that it. takes you to keep the door shut try it again and so. at the time i
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felt like it was just may and i would else was financially following and it was only me. that was suffering. sorry. and i was the only one that. that was actually have to do with living like this and living with the fear of losing my head a milly's not upset. with my children i have my children taken away from aches i couldn't look after them properly. by way of a strange paradox people who are deeply in debt feel terribly alone and yet they are increasingly numerous. in france over one person in ten admits suffering from financial difficulties like dominic who was made redundant three years ago in strasbourg. he has resolved to go and see the creases association whose initials ironic stand for. regional chamber for social overindebted this
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has become a mainstay of social assistance for those who find themselves in a financial dead end twenty five associations in france six hundred voluntary staff who would like step change still engage in face to face interviews really. do you know. if you want to. let go thank you they don't want for you to feel that. they want on their of the. innocence or when it's most true it was a joke. no. less interest royally that exists in some work in your life and you. do something that's the most very. resourceful the thing.
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that. critical so natural so from. zero it's. the same for you because in this race. to be more. all. in one called home. city.
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and rules. as to who. the voluntary advisors are often former bankers who now retired have decided to change sides as it were their kind of repentance here the volunteers share their past expertise like the chairman of cases strasburg. a former lawyer a voluntary advisor for ten years and a tireless militant in the fight against overindebtedness. last. day the don't worry i started to.
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kick. the muscle. and. on the whole court. i don't. see the. key. key. that. would. typically.
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sick it would do for. the. city for. cobol. to say. but also a set of unique mall books and it that the city sick of any dishes you. all know yoko. said t.p. some point. or false. book assume you're right i say i don't was small but i feel called hot babe from new york city i can see. the day on the. fall slip in your local. pub was about the old if you continue to help me buddies you expect get up at sun good necessary. call segues a cigar of made all that. supper to feel so why do you need me said i want clues
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all said you got to go to name that sick i'm still a bit up to. supplies about me that won't let up simple mickey all they. say we could if i didn't your case you. give so crowd. i have to sift if i want to marry you the perfect. chimp in use. said i'm out of town a feeling of. credit to liberty there's been a good to have been increasing yeah and yes a bit of school at the. pool but i had turned that little bit ago in. here a place anybody. can. see here. in
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iceland where the two thousand and eight crisis really hit hard fanny whose house was repossessed is now desperately looking for a new home. her debts had reached such a level that the government measures to reduce household indebtedness were insufficient to help her she's been taken in by her sister. ai.
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seem wrong. to shape our. trail. find themselves worlds apart. to look for common ground. prescribe medication is widespread on the us market and a frequent cause of death at that point in my life. like everything with ash as my family was literally coming unglued i had actually planned. to commit suicide what
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or who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what are the real side effects why. was. it what i did was done to move legal drugs. just because something's legal doesn't mean it's. like many of the inhabitants of this little volcanic island in the north of europe fanny thunder self overindebted despite having made no mistakes because here most mortgages are consumer price index due to the crisis and the fifty percent devaluation of the icelandic currency inflation soared as a result mortgage repayments suddenly doubled and many icelanders found themselves drowning in debt.
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along. to get to sit. after school first. or. with a woman on the market. is that. good. i mean most experts we're talking to. him. there is no hell tell me that it will go nothing here the. teaching going on when spread liberty you gonna hear the whole postal vote at the back. in two hundred millions could just all shocks me the whole lot. we.
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toss eisemann a police escort. off the queue. at the three hundred. million dollars do you. think. you come off the millionaire but the zero zero zero s. american in your midst. acted like. there was nothing to. make after. a millionaire.
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as long as a person can pay off their loans they were given the red carpet treatment everywhere but once that person can no longer meet their repayments things get more complicated today most consumer credit companies have been acquired by major banks such as. and. whose debt collection agency very eager to stay in touch with their clients. get this truck full. of them in this unit conversely if you don't mean that you should forget the. whole thing you. do well but. i think you have certain. to do all the action against people. before. if you insult me. yet. you know what you do because
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you'll who said it is a little that that animal to seek it well vocally double. the usual. daily phone need to keep this one date the kids it was it made them an all star no money member we me it was it i was ina do the damage they did was they make of it was invert they'll see whatever you says well it's good to put it like let me suspect says it best they come said only guy exclaimed oh not really to trust one critter on the publisher wanted to do this one on a lot of prattle to papa and we are impressed to hear. from general type of police who would look for the other person was from shawn that also in the movie you'll hear it was relieved to know and. the answer to. the do to trust him not to want to traditional when your doors are not clearly through sphere through the moon don't concern me or digital q. or you is going to trust. me build some to film. little kingdom all balderdash
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for good when if the whole looks evil to look at the old all she did was a simple something they need to. people some don't. it's a little say kid if you nine hundred delegates here she could see two to know the strain create the suppressor emotional and it well. in the autumn of two thousand and eleven americans took to the streets on mass to protest against the greed and cynicism of their banks who had made huge profits selling toxic subprime loans to pull the knew that if they got into trouble the state would step in to eventually bail them out because given their financial clout the whole system would collapse if they were to go under there were simply too big to fail.
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one of the leading figures in the occupy wall street movement is the american anthropologist david graber a specialist in the history of debt and one of the inventors of the slogan we are the ninety nine percent of those who own less than the richest one percent there was about a period of three or four months after two thousand and eight where people. were all saying you know what is dead anyway what is money why do we have the systems why is find it so important is this even capitalism to even want capitalism fall open you know all questions seem to be open because everything we just turned out to be wrong socially for thirty years they've been. saying well you know capitalism might not be a very pleasant system but it's much better these people who are running the system might not be very nice people but they're really smart and they're the only thing that works and there's you know they know they understand what they're doing you don't just shut up and leave it to the experts and it turns out all these people
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who are supposed to trust their expertise were either complete idiots or scam artists or both how they could imagine it would lead to anything else is beyond. what would it be. in spain widespread evictions by the banks of over indebted families gave birth to a vast civic resistance movement in two thousand and nine and barcelona outraged militants set up the ph platform for victims which currently comprises two hundred fifty neighborhood associations across the country. and. the laws.
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said that it doesn't need professionals they social. and those. means that i think is emotionally he said. yes. cynthia. i get. the. most. but i think i meet and. marry me and if we imagine there's too much maybe mrs miller is a pattern isn't the most that it has matter me an email you know they feel mass. and this made. us know in. the your understand
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their man that the main objective was to reform spanish mortgage lending laws according to which when a bank repossesses a property the outstanding debt is not automatically cancelled with the bursting of the property bubble and the plummeting house prices many families found themselves up to their eyes in debt even after having sold their homes. in madrid the ruling conservative people's party plucked the reform but in barcelona on july twenty ninth two thousand and fifteen it was unanimously ratified by the catalan powers i think it feel bassist las. but i guess i mean yes. a lot. but i was there south yes any particular like you live. in the south yeah. when they. look anything.
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like us is you know. you start there is the. solo concert even though. i mean. make. me. messenger stuff either as i wrote them as in the whole bit of messenger stuff other . company b. saw their war. and those new series and the pieces are starting to move but it would not post that he was doing by the way me hi i was completed this list
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there in those and i mean i would have. been the last last army assy the. second but it was interesting when tommy their little bit of. interest into. this is the thing one time you know there's minerals you're in no way on us. they pay sawdust didn't us look familiar with the capital i mean this is and i mean the old us is the last one see that that is. the that is. the way to get a. bushel it then in any of our silo so you're not overly. the situation is particularly worrying in the northern european countries in sweden norway finland and especially here in denmark where the rate of household debt is currently the highest in europe three hundred percent of disposable income double
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that of the u.k. battlefronts or germany over the past twenty years the danes have gotten massively indebted encouraged by governments made access to credit very easy. oh.
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desperate for a single purpose. they have a super. star training very young. eight months of intensive school. rats. and they save lives. little by not a lot of martial and. islamic states claims it was behind the month just a terror attack by the militants front so kill the priest every time a terrorist attack happens all these people are out there screaming to go ice is so bad someone needs to do something against them and for me it was like yeah why don't we move and something. that.
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is the. result of a number. of cases. reach out and let them. check if these shiny stuff. is going to get clambers going to kill him isn't he showed. manufactor concepts are still public well. when the ruling class is to protect themselves. when the crime larry go round.
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the room see. the real news. in the stories that shape the way britain's fifth terror attack this year sees thirty people injured in a bomb blast in the london underground a second man is now under arrest. going far as a ballistic missile over japan after the international community hits north korea with the sanctions and. the french president's proposed labor reforms triggered violent protests and nationwide strikes they've been described as a declaration of war against workers' rights.

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